8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported):  November 16, 2010

S.Y. BANCORP, INC.
(Exact name of registrant as specified in its charter)

Kentucky	1-13661	61-1137529
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

1040 East Main Street, Louisville, Kentucky, 40206

(Address of principal executive offices)

(502) 582-2571
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01. OTHER EVENTS.

On November 16, 2010, the Board of Directors of S.Y. Bancorp, Inc. voted to increase the Company's quarterly cash dividend rate 6% to $0.18 per common share.  The new rate will go into effect with the next payment on January 3, 2011, to stockholders of record as of December 13, 2010.  On November 17, 2010, S.Y. Bancorp, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference, announcing the dividend increase.

The information in this Form 8-K and the attached Exhibits shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

D.	Exhibits
	99.1	Press Release dated November 17, 2010

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:	November 17, 2010	S.Y. BANCORP, INC.
		By:	/s/ Nancy B. Davis
			Nancy B. Davis, Executive Vice
			President, Treasurer and Chief
			Financial Officer

EX-99.1

Exhibit 99.1

S.Y. Bancorp Increases Quarterly Cash Dividend 6% to $0.18 Per Common Share

LOUISVILLE, Ky.--(BUSINESS WIRE)--November 17, 2010--S.Y. Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville metropolitan area, Indianapolis and Cincinnati, today announced that its Board of Directors has voted to increase the Company's quarterly cash dividend 6% to $0.18 per common share. The new rate will go into effect with the next payment on January 3, 2011, payable to stockholders of record as of December 13, 2010.

Commenting on the announcement, David Heintzman, Chairman and Chief Executive Officer, said, "With a goal of maximizing returns for our stockholders, we are pleased that our strong financial performance enables us to increase our cash dividend once again, thereby allowing our stockholders to participate directly in the growth we have achieved. This decision to increase our cash pay-out stands in contrast to what seems to be a prevailing trend with many other financial institutions, where capital conservation has forced reductions in or the entire elimination of cash dividends to stockholders, and continues our efforts to utilize our strong capital position and ongoing earnings growth to build stockholder value over the long term."

Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.9 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company's common shares trade on the NASDAQ Global Select Market under the symbol SYBT.

CONTACT:
S.Y. Bancorp, Inc.
Nancy B. Davis, 502-625-9176
Executive Vice President, Treasurer and Chief Financial Officer